In a country where natural resources are controlled by the government, those who have close connections with them has a greater chance of obtaining these resources. Manoj Jayaswal is one of those who are in close ties with government officials. In a short amount of time Jayaswal has gained a huge amount of wealth, leaving his rivals confused. On September 15, Jayaswal was accused of being involved in a $34 billion dollar coal mining scandal. He is suspected with working along side Vijay Darda, a member of the parliment, to obtain rights to undeveloped coal fields.
From a ethical view Jayaswal and Darda's incentive is simple, by obtaining the coal fields for a inconsiderable amount of money they can gain significant amounts of profits. While many parts of India are still living without electricity, the undeveloped coal fields could be used to supply power to those parts, but instead they are given to businessmen for profit.
By committing this fraudulent act, the main advantage for Jayaswal is gaining a considerable amount of wealth as well as gaining a distinct advantage over rival companies. Since he has close ties with the government, gaining control of coal fields would not be difficult. The disadvantage for him to do this is exactly what has happened. Now that the public has caught on to his acts, his company will suffer from the news and if enough proof is found against him, there could be even more severe consequences.
Jayaswal most likely looking at the situation from a individualism view because his actions clearly benefits himself. While many parts of India is still without electricity he uses his connections to obtain the coal fields, which could be used to supply more people with energy, to gain profits for himself. His decision also present unfairness to rival companies.
From a negative view corruption will probably not decline. Looking at the amount of political corruption in India, if no significant change occurs corruptions will not decline. In 2008, former minister Andimuthu Raja mis-sold frequency licenses causing nearly $40 billion in lost revenue. In November 2010, Ashok Chavan, the chief minister of Maharashtra, was forced out of office due to his role in scamming homes that were meant for war widows. In March 2012, Gen VK Singh was offered $2.7 million by a lobbyist to purchase "sub-standard" trucks for the military. These are just few of many cases that occurred in recent years. If things continue corruption will continue to occur. A solution to this problem could be supporting a new political party by the people. If a new political party takes power, there might be a greater chance of decreasing the amount of corruption that take place. Since the current parties are corrupted, changing the people in power could have a positive effect on the situation.
http://www.bbc.co.uk/news/world-south-asia-12769214
http://india.blogs.nytimes.com/2012/08/03/corruptions-reach-in-india-spawns-new-political-party/
A businessman said “If you were in his position, you would do the same thing,” Do you think you would do the same ? corporating with politians is only way to sucess.Once you get into the game,you have to follow the rule. I agree with you that a new party with a more proper political system may be a solution of corruption. but i do not think this will happen at least not near fruture.
ReplyDeleteI agree with your view to have a new political party with new agenda to fight against corruption. In fact, there is currently a movement going on in India against corruption. A social activist name Anna Hazare has taken center stage to fight against corruption in India. People who are supporting him are ordinary citizens who want a real change in India’s political system. They have also registered a new political party to fight against corruption.
ReplyDeleteI believe business should always stem from ethics. The excuse "oh what would you do if you were businessman" is unacceptable in my opinion. There's a good reason any lesson in business focuses on basic ethics. Having to create a new political party to combat such corruption is going a bit overboard don't you think? People like to mesh business and politics together in today's society. Some people consider both facets identical. However in my opinion, business is business and politics is politics. If people cannot understand where the root of the corruption begins, the problem will never be resolved. Unethical people are the problem. Not the system itself.
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